Tiger Logistics plans to expand by investing in CFS

“What sets us apart in the sector is our constant passion to grow bigger and better. We have been growing at a CAGR of 30% for the last three years and we intend to continue the same growth prospect in our business model.” Harpreet Singh Malhotra, CMD, Tiger Logistics Ltd.

Aug 19, 2016 12:08 IST India Infoline News Service

Logistics storehouse
Tiger Logistics (India) Limited, one of the country's leading providers of end-to-end supply chain solutions, has posted a total income of Rs 5378.92 lakhs and net profit of Rs 164.39 lakhs for the quarter ended 30th June, 2016.

The company has been embarking upon a growth trail following various expansion initiatives to tap the potential opportunity in logistics services through implementation of Enterprise Resource Planning system with adoption of necessary IT platform for better process efficiency.

The company plans to invest in owing the CFS (Container Freight Stations) in Gujarat Location which will not only to assist in doing the backward integration for its present corporate customer base but also to complement various north India offices by providing end to end solutions for the entire cargo base moving by road to Gujarat Gateway Ports.
 
Harpreet Singh Malhotra, CMD, Tiger Logistics Ltd., said, “What sets us apart in the sector is our constant passion to grow bigger and better. We have been growing at a CAGR of 30% for the last three years and we intend to continue the same growth prospect in our business model.”
 
Headquartered in New Delhi, Tiger Logistics is a leading logistics service provider involved in MTO (multimodal transport operations), Transportation and Customs clearance activities for handling of project cargo across North, West and East India. Having 11 offices in major cities, the company covered almost all states having major port facilities. Today, the company has the best Technologies like customer redressal system, mobile applications, GPS tracking and cloud computing to improve communications, logistics, and inventory tracking. This works together to boost customer trust and brand loyalty.

Stock View:
Tiger Logistics (India) Ltd ended at Rs. 155.25, up by Rs. 5.35 or 3.57% from its previous closing of Rs. 149.9 on the BSE.
 
The scrip opened at Rs. 138.1 and touched a high and low of Rs. 164.95 and Rs. 138.1 respectively. A total of 16245(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 158.48 crore.
 
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 242.5 on 04-May-2016 and a 52 week low of Rs. 113.64 on 26-Aug-2015. Last one week high and low of the scrip stood at Rs. 179 and Rs. 147.5 respectively.
 
The promoters holding in the company stood at 73 % while Institutions and Non-Institutions held 0.97 % and 26.04 % respectively.
 
The stock traded below its 100 DMA.

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